Arbitrum Surges After Robinhood Listing but Struggles to Hold Gains
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Robinhood’s latest token listing gave Arbitrum (ARB) a significant boost, with its price jumping 9% on Wednesday.
The Ethereum layer-2 governance token joined the platform alongside assets like XRP, Shiba Inu (SHIB), and Bonk (BONK).
However, after the initial surge, ARB settled at $0.42, still down 11% over the past two weeks.
Robinhood has been expanding its crypto offerings amid surging interest. The platform recently reported a staggering 700% increase in cryptocurrency revenue year-over-year.
Additionally, the SEC recently closed its investigation into Robinhood’s crypto division, removing a regulatory hurdle for the trading giant.
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